Alstom has sold its North American conventional rail signaling business to Knorr-Bremse for ~€630M ($670.5M) as part of its deleveraging plan. The sale will enable Knorr-Bremse to enter the “highly attractive” control, command and signaling segment and become a leader in the U.S. market.
Results for: Business
Invesco BuyBack Achievers ETF (PKW) is a smart beta ETF that invests in companies with a history of share buybacks. The fund has outperformed the broad market over the long term and offers investors a unique way to play the share buyback trend. In this article, we will take a deep dive into PKW’s performance, strategy, and holdings. We will also compare PKW to other buyback-focused ETFs and provide our takeaway on the fund.
PacBio’s Q1 results and lowered 2024 revenue outlook have prompted a downgrade from JPMorgan. The company’s shares have fallen in premarket trading on Monday. JPMorgan has withdrawn its price target on the stock and believes that the macro backdrop will continue to affect placements and margins in the near term.
Rachio, the leading smart yard brand, is celebrating Earth Day and the milestone of saving over 200 billion gallons of water through its smart-watering technology. In honor of Earth Month, Rachio is encouraging communities to embrace healthier, eco-conscious lifestyles that promote outdoor living and give back to the planet.
CCELL®, the world’s leading vaporization technology brand, recently announced the launch of a new All-In-One vape, Eco Star. Created from biodegradable, plant-based PLA and designed with an easily removable battery, the Eco Star empowers consumers to make more eco-conscious choices when enjoying the convenience of an AIO vape.
A recent report reveals a decline in investor appetite for digital asset investment products. Outflows totaled $206 million for the second consecutive week, coinciding with decreased trading volumes for Exchange Traded Products (ETPs). The negative sentiment is primarily focused on U.S. ETFs, with established funds bearing the brunt of outflows. In contrast, Canada and Switzerland saw inflows. Bitcoin also experienced significant outflows, while short-selling activity remained low. Ethereum had its sixth consecutive week of outflows, but multi-asset products saw inflows. Blockchain equities continue to face outflows due to concerns surrounding the upcoming Bitcoin halving.
Stock markets are showing some positivity with futures rising on Monday as investors prepare for a heavy week of earnings reports from tech giants like Tesla, Microsoft, Alphabet, and Meta. However, the market is still facing uncertainty due to geopolitical tensions and a sell-off in the tech sector after Netflix’s disappointing earnings.
Canadian industrial producer prices saw a 0.8% monthly increase in March, continuing a two-month trend of growth. However, on a yearly basis, producer prices fell by 0.5%, following a revised 1.4% decrease in February.
President Joe Biden announced $7 billion in federal grants for residential solar projects serving low- and middle-income communities. The grants are expected to reduce emissions by the equivalent of 30 million metric tons of carbon dioxide and save households $350 million annually. Additionally, Biden expanded the American Climate Corps green jobs training program, offering nearly 2,000 positions in 36 states.
Ahead of Intel’s Q1 earnings report, investors are debating the company’s valuation and prospects. While some see an opportunity in its recent consolidation, others raise concerns about competition with TSMC and margin challenges. Analysts highlight the need for Intel to enhance profitability and address its product competitiveness in key areas like data centers.